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Price Action and Trading Discussion

Quoting vitall
{quote} I am waiting for the pullback toward the Support Zone and move down, according to the trend: {image}
The most recent resistance has held price so far, I would be waiting for price to move back and hold above that range area before I would even considering any change of direction.

Now to see if the resistance does hold and we see price move back in the direction of the trend.
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Morning all.
i respect price action as a way of trading very much but do you think it is available for small frames and scalping or not
thanks
Hi Eng

A daily chart represents 24hours of data in one candle as you know, so looking at a 5min or 15min chart doesn't give one much information to make decisions upon.

Having said that, its only my personal view point and many people would argue with me all day long about that.

Cheers
Hi all this was the trade i took last nite CADJPYdaily time frame, this is base on continuation movement duo the target almost reach i will be closing the trade manually after this post.
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Quoting kebefx
Hi all this was the trade i took last nite CADJPYdaily time frame, this is base on continuation movement duo the target almost reach i will be closing the trade manually after this post. {image} {image}
Hi kebefx,

Nice work on the trade, a good spot on that one
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Quoting Eng_Amr
Morning all. i respect price action as a way of trading very much but do you think it is available for small frames and scalping or not thanks
Hi Eng,

I would say that yes indeed you can use it on smaller time frames and scalping, and I did so for quite some time.

But what I would say, is do so with extreme caution. If you are new to trading I would highly recommend starting on the higher time frames or at the very least trade on a demo account for a while on the lower time frames to see how you go. It takes a lot more discipline on the shorter time frames as there is a lot more noise on the charts.
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Been a very slow week for me. Not to much going on for me at all. Been a bit of movement on the charts but nothing that has really given me an opportunity to look at any positions.
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NZDJPY Hourly:

Hi Guys,

Been quite a slow week for me, with this being my first trade for the week.

I did get a bit twitchy and almost closed it out half way to target but I walked a way for a bit, come back and it did make it to the target area.
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JPY pairs just fell off a cliff lol.
Quoting Cujo2
JPY pairs just fell off a cliff lol.
Ya so have some of the CHF pairs.
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DarkWolF,

I have been following your thread for some time now following and learning from your trades, Great Work mate! Keep up the good work!


TheBoz
Quoting TheBoz
DarkWolF, I have been following your thread for some time now following and learning from your trades, Great Work mate! Keep up the good work! TheBoz
Hi TheBoz,

I am glad you have been able to learn whilst following the thread.

Cheers.

DW
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Hi Guys,

I am away from home most of this week therefore will be unable to view any charts for trading. I will most likely be back for the Friday sessions.

Good of luck with any trades that you may have going.

Cheers.
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Hi all i took a short trade on CADJPY 1hour time frame base on pullback candle on 1hour time frame in conjunction with daily time frame trend.
I don't know how is going to play out. By the way is my first trade this week.
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Guys, BIG news is coming up ( FOMC Statement ), I closed all positions to be secured.
Quoting kebefx
Hi all i took a short trade on CADJPY 1hour time frame base on pullback candle on 1hour time frame in conjunction with daily time frame trend. I don't know how is going to play out. By the way is my first trade this week. {image}
Update on this trade thou it as been closed but look at the spike around my take profit level.
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Quoting kebefx
{quote} Update on this trade thou it as been closed but look at the spike around my take profit level. {image}
It is strong support around 92.00.

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Hi Guys,

Back on the charts today, just got to get across them to see whats been going on.
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GBPYJPY Hourly:

Hi Guys,

I placed a pending short order on this pair. Price pushed up away from my order line, as it breached the RN area I deleted my pending order.

I walked away from the charts at that point to do a few other things as it was not looking like there was any other opportunities for me to keep an eye on. Price then pushed back down, achieving that target area I was looking at.

That is the way it goes with trading.

Patience and move onto the next opportunity.
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Hello Darkwolf,
Snagged this one yesterday during Asian.
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